8-13-2024
“BancFirst: The History, Present and Future” – Fireside Chat with Gene Rainbolt and David Rainbolt
In 1962 Gene Rainbolt acquired his first bank, the First American Bank in Purcell. In 1965 he acquired Federal National Bank in Shawnee, and in 1967 he and a group of investors commenced acquiring banks in Oklahoma, which led in 1985 to the formation of United Community Corporation, the State’s first multi-bank holding company. In 1989 BancFirst was founded, which is now the largest state-chartered bank in Oklahoma with assets of $12.5 billion. BancFirst serves 59 communities across Oklahoma, Pegasus Bank with three banking locations in Dallas, Texas, and Worthington National Bank, with one location in Arlington, Texas, one location in Denton, Texas, and two Fort Worth, Texas, locations.
Mr. Rainbolt is a graduate of the University of Oklahoma with both undergraduate and graduate degrees. His alma mater has honored him on multiple occasions, including the Distinguished Service Award and an Honorary Doctorate. In 1999 he was inducted into the Oklahoma Hall of Fame and has received Honorary Doctorates from Oklahoma Baptist University, Oklahoma City University, and Oklahoma Christian University.
A strong advocate of improving and diversifying the Oklahoma economy, Mr. Rainbolt has worked long and hard to improve health, education, provide better access to capital, and develop Oklahoma’s infrastructure system. He has served in numerous civic, economic development, chamber of commerce, youth, medical, zoological, arts and banking organizations. One of his most recent projects is enhancing the entrepreneurial classes and entrepreneurial activities at universities in Oklahoma.
Mr. Rainbolt has served as President of the Oklahoma Bankers Association and Chairman of the Academy for State Goals and the Oklahoma State Chamber of Commerce, former director of Leadership Oklahoma and the Great Expectations Foundation. He was a founding director of Calm Waters and has served on many other charitable boards. Mr. Rainbolt is a member of the Leadership Council of the Charles and Peggy Stephenson Oklahoma Cancer Center and recently served on the Board of Visitors of M.D. Anderson Foundation. Mr. Rainbolt and his family are committed supporters of the University of Oklahoma, the University of Oklahoma Health Sciences Center, and Oklahoma Medical Research Foundation.
If there is a single driving ambition and philosophy in the life of Gene Rainbolt, it is the establishment of an Oklahoma in which every child has the opportunity to become all he or she can be.
Mr. Rainbolt and his late wife, Jeannine, have two children, seven grandchildren, and four great-grandchildren, which he considers to be the highlight of his life.
David Rainbolt
EDUCATION:
BBA – University of Oklahoma, Norman, OK
MBA – Tulane University, New Orleans, LA
WORK:
Executive Chairman, BancFirst Corporation, 2017 – Present
Chief Executive Officer, BancFirst Corporation, 1992 – 2017
Chief Financial Officer, BancFirst Corporation, 1984 – 1991
Consultant, Thunderbird Financial Corporation, 1983 – 1984
Senior Financial Analyst, Republic Bank Dallas 1979 – 1982
BUSINESS/GOVERNMENT:
OGE Energy Corp., Director
Oklahoma Bankers Association, Past Chairman
Oklahoma City Chamber of Commerce, Past Chairman
Oklahoma City Industrial and Cultural Facilities Trust, Past Chairman
Oklahoma State Chamber of Commerce, Past Chairman
COMMUNITY:
Dean A. McGee Eye Institute, Chairman
The Children’s Center Foundation, Past Chairman
Downtown OKC, Inc., Past Chairman
Last Frontier Council Boy Scouts of America, Past Chairman
Oklahoma Health Center Foundation, Past Chairman
United Way Campaign, Past Chairman
Oklahoma Medical Research Foundation, Executive Committee
Presbyterian Health Foundation, Executive Committee
State Fair of Oklahoma, Director
Judicial Nominating Committee, Former Member
HONORS:
Oklahoma Hall of Fame — Inductee
Governor’s Award for Business in the Arts – Arts Council of Oklahoma
Silver Beaver Award – Boy Scouts of America
- C. Joullian Distinguished Citizen Award – Boy Scouts of America
Dean A. McGee Award – Downtown Oklahoma City, Inc.
Oklahoma Commerce and Industry Hall of Honor – Inductee
Volunteer Achievement Award – Black Liberated Arts Center
Outstanding Volunteer Award – Oklahoma State Chamber of Commerce
Outstanding Alumnus – Price College of Business – University of Oklahoma
Dean’s Award for Distinguished Community Service – University of Oklahoma College of Medicine
PERSONAL:
Wife: Kim (Potter) Sons: Adam, Sam, Jake
Hobbies: hunting, fly fishing, coached little league baseball for 23 years, owns a whiskey distillery
Chair of the Day
Clayton Taylor
A native Oklahoman, Clayton Taylor grew up on a small family ranch near Oktaha in Muskogee County. After graduating from Oklahoma State University in 1974, he began his career in Washington, D.C., working on the legislative staffs of five members of the U.S. House of Representatives. His political campaign background includes management responsibilities in Congressional, Gubernatorial and U.S. Presidential races, in addition to extensive international political campaign consulting work. After leaving Washington, Taylor spent the next 15 years working in corporate management, for 3 Fortune 500 Corporations. Since 1994, he has served as the principal of the Taylor Group and is a partner with his son Clay in the Oklahoma Lobby Group. His work is full-service lobbying and consulting, specializing in Oklahoma business issues. He has always been heavily involved in community activities in Oklahoma ranging from his early start as Oklahoma 4-H Club State President and continuing as a founder of Leadership Oklahoma. Other leadership positions have included Chairman of the Board for Rural Enterprises Institute of Oklahoma, President of Oklahoma City Rotary Club #29, Alumni President of Leadership Oklahoma City, Administrative Board Chairman of St. Luke’s Methodist Church, one of 6 founders and Past-President of Leadership Oklahoma. He was recognized by Oklahoma State University as a 2012 Distinguished Alumni. He is married to Marnie Taylor and they have two sons, Clay and Clark.